Former Cisco CEO John Chambers instructed CNBC on Monday he’s discouraging the start-ups he is invested in from working in China, citing Beijing’s more and more unsure regulatory strategy.
“I am encouraging my startups to not do enterprise in China, or I am not invested in Chinese language start-ups right now,” he mentioned in a “TechCheck” interview. “It is too unpredictable,” added Chambers, the founder and CEO of JC2 Ventures, who has a long time of company expertise in China.
Chambers’ feedback come because the Chinese language authorities has been ratcheting up its crackdown on the nation’s know-how corporations. Current